Indian IT services firm LTM, formerly known as LTIMindtree, has offered to acquire Randstad’s technology and consulting services business in Europe and Australia in a deal valued at 160 million euros on a cash-free, debt-free basis.
The target operations generated more than 500 million dollars in annual revenue in 2025, primarily across aerospace and defence, automotive, utilities and banking sectors in France, Germany, Belgium, Luxembourg and Australia. LTM said the acquisition would expand its local domain expertise and nearshore delivery capabilities through centers in Romania and Portugal.
The proposed transaction is part of a broader 360-degree partnership with Randstad that includes a five-year IT services agreement to drive AI-enabled transformation at Randstad’s India Global Capability Center and a strategic talent managed service provider arrangement.
CEO Venu Lambu said the deal aligns with LTM’s five-year strategy to build a more diversified portfolio. Completion is expected by the third quarter of fiscal 2027, subject to works council consultations and regulatory approvals. The acquisition would be executed through LTM’s wholly owned subsidiary LTIMindtree UK Limited.
LTM said the acquisition would strengthen digital engineering, cybersecurity and IoT capabilities with onshore and nearshore delivery. Randstad’s operations in the five countries generated about 469 million euros in 2025 revenue. The broader partnership includes Randstad serving as strategic talent partner for LTM’s global workforce expansion.
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Sources:
https://m.dailyhunt.in/news/india/english/yourstory-epaper-yourstory/startup+news+and+updates+daily+roundup+may+22+2026-newsid-n713224148